BAKU, Azerbaijan, May 2. Current ADB [Asian Development Bank] operations in Kazakhstan support economic diversification, inclusive development, and sustainable growth, Trend reports via the ADB.
To date, ADB has committed 129 public sector loans, grants, and technical assistance totaling $6 billion to Kazakhstan. Cumulative loan disbursements to Kazakhstan amount to $5.76 billion. These were financed by regular and concessional ordinary capital resources and other special funds.
ADB’s current sovereign portfolio in Kazakhstan includes 3 loans worth $469.5 million.
Furthermore, ADB has been supporting Kazakhstan to increase transit potential and improve its regional connectivity through integration into global networks. Work is nearing completion on 300 kilometers of the Aktobe–Makat road and 90 kilometers of the adjacent road between Aktobe and Kandyagash in western Kazakhstan.
Additionally, as the bank noted, promoting gender equality and addressing climate change are important thematic areas of ADB’s country operations. Jointly with Kazakhstan’s Otbasy Bank, ADB is providing access to affordable housing to over 3,000 women, particularly in provincial areas.
Also, according to the ADB, total outstanding balances and non-disbursed commitments of ADB’s nonsovereign transactions in Kazakhstan as of 31 December 2022 was $74.32 million representing 0.58 percent of ADB’s total private sector portfolio.